Q1 2020 VA - Self Storage Performance Quarterly

Self Storage Performance Quarterly

Median Asking Rental Rates per Square Foot Median Asking Rental Rates per Square Foot are based upon the asking rent for a 100-square-foot, ground level, non-climate-controlled unit.

Quarterly

Seasonal

Annual

Rental Rates 1Q20

Top 50 MSAs

% Change

Absolute Change

% Change

Absolute Change

% Change

Absolute Change

Atlanta-Sandy Springs-Marietta, GA MSA

$ 0.8500 0.00% $0.00 -1.16% -$0.01 -0.29% $0.00

Austin-Round Rock, TXMSA

$ 0.8900 0.00% $0.00 -1.11% -$0.01 -0.27% $0.00

Baltimore-Towson, MD MSA

$ 1.1900 -0.83% -$0.01 -9.84% -$0.13 -2.54% -$0.03

Birmingham-Hoover, AL MSA

$ 0.8700 2.41% $0.02 2.35% $0.02 0.59% $0.01

Boston-Cambridge-Quincy, MA-NH MSA

$ 1.2500 0.00% $0.00 -3.85% -$0.05 -0.96% -$0.01

Buffalo-Cheektowaga-Tonawanda, NY MSA

$ 0.9600 -4.00% -$0.04 -4.00% -$0.04 -1.00% -$0.01

Charlotte-Gastonia-Concord, NC-SC MSA

$ 0.7700 -3.75% -$0.03 -9.41% -$0.08 -2.47% -$0.02

Chicago-Naperville-Joliet, IL-IN-WI MSA

$ 0.9000 0.00% $0.00 0.00% $0.00 0.00% $0.00

Cincinnati-Middletown, OH-KY-IN MSA

$ 0.8000 1.27% $0.01 0.00% $0.00 0.00% $0.00

Cleveland-Elyria-Mentor, OH MSA

$ 0.8900 -1.11% -$0.01 -1.11% -$0.01 -0.28% $0.00

Columbus, OH MSA

$ 0.7900 0.00% $0.00 -1.25% -$0.01 -0.30% $0.00

Dallas-Fort Worth-Arlington, TXMSA

$ 0.8500 0.00% $0.00 -2.91% -$0.03 -0.73% -$0.01

Denver-Aurora, CO MSA

$ 1.0000 -13.04% -$0.15 -16.67% -$0.20 -4.21% -$0.05

Detroit-Warren-Livonia, MI MSA

$ 0.9900 4.21% $0.04 1.02% $0.01 0.26% $0.00

Hartford-West Hartford-East Hartford, CT MSA

$ 0.9720 0.21% $0.00 -10.00% -$0.11 -2.66% -$0.03

Houston-Baytown-Sugar Land, TXMSA

$ 0.8000 -1.23% -$0.01 -5.88% -$0.05 -1.47% -$0.01

Indianapolis, IN MSA

$ 0.7500 -2.60% -$0.02 -5.06% -$0.04 -1.25% -$0.01

Jacksonville, FL MSA

$ 0.8900 0.00% $0.00 -10.55% -$0.11 -2.70% -$0.03

Kansas City, MO-KS MSA

$ 0.8500 -4.49% -$0.04 -5.56% -$0.05 -1.37% -$0.01

Las Vegas-Paradise, NV MSA

$ 1.0100 -8.18% -$0.09 2.02% $0.02 0.47% $0.01

Los Angeles-Long Beach-Santa Ana, CA MSA

$ 1.7500 -2.23% -$0.04 0.00% $0.00 0.00% $0.00

Louisville, KY-IN MSA

$ 0.8000 -5.88% -$0.05 -5.88% -$0.05 -1.45% -$0.01

Memphis, TN-MS-AR MSA

$ 0.7500 -5.06% -$0.04 0.00% $0.00 0.00% $0.00

Miami-Fort Lauderdale-Miami Beach, FL MSA

$ 1.2800 5.79% $0.07 0.00% $0.00 0.00% $0.00

Milwaukee-Waukesha-West Allis, WI MSA

$ 0.9500 5.56% $0.05 6.74% $0.06 1.65% $0.01

Minneapolis-St. Paul-Bloomington, MN-WI MSA

$ 0.8900 -1.11% -$0.01 -11.00% -$0.11 -2.72% -$0.03

Nashville-Davidson-Murfreesboro, TN MSA

$ 0.9000 -4.26% -$0.04 -2.17% -$0.02 -0.54% -$0.01

New Orleans-Metairie-Kenner, LA MSA

$ 1.1100 16.84% $0.16 0.11% $0.11 0.03% $0.03

New York-Newark-Edison, NY-NJ-PA MSA

$ 1.6900 5.66% $0.09 2.05% $0.03 0.50% $0.01

Oklahoma City, OK MSA

$ 0.6100 -3.17% -$0.02 0.00% $0.00 0.00% $0.00

Orlando, FL MSA

$ 0.9200 5.75% $0.05 -11.11% -$0.12 -3.01% -$0.03

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

$ 1.1900 0.00% $0.00 -4.80% -$0.06 -1.21% -$0.01

Phoenix-Mesa-Scottsdale, AZ MSA

$ 0.9995 0.96% $0.01 2.45% $0.02 0.60% $0.01

Pittsburgh, PA MSA

$ 0.8800 1.15% $0.01 -2.22% -$0.02 -0.56% -$0.01

Portland-Vancouver-Beaverton, OR-WA MSA

$ 1.3200 -2.22% -$0.03 -8.33% -$0.12 -2.11% -$0.03

Providence-New Bedford-Fall River, RI-MA MSA

$ 1.2500 4.17% $0.05 -3.85% -$0.05 -0.99% -$0.01

Richmond, VA MSA

$ 0.9000 -2.17% -$0.02 -5.26% -$0.05 -1.36% -$0.01

Riverside-San Bernardino-Ontario, CA MSA

$ 1.0900 -3.54% -$0.04 -8.40% -$0.10 -2.08% -$0.02

Rochester, NY MSA

$ 0.8500 -5.56% -$0.05 -5.56% -$0.05 -1.41% -$0.01

Sacramento-Arden-Arcade-Roseville, CA MSA

$ 1.2495 -0.04% $0.00 4.13% $0.05 0.98% $0.01

Salt Lake City, UT MSA

$ 0.9950 -0.50% -$0.01 -5.24% -$0.06 -1.32% -$0.01

San Antonio, TXMSA

$ 0.8500 -2.30% -$0.02 -5.56% -$0.05 -1.43% -$0.01

San Diego-Carlsbad-San Marcos, CA MSA

$ 1.5500 0.00% $0.00 0.65% $0.01 0.16% $0.00

San Francisco-Oakland-Fremont, CA MSA

$ 1.9000 1.06% $0.02 -4.52% -$0.09 -1.12% -$0.02

San Jose-Sunnyvale-Santa Clara, CA MSA

$ 1.5000 0.00% $0.00 -6.25% -$0.10 -1.57% -$0.02

Seattle-Tacoma-Bellevue, WA MSA

$ 1.3600 5.43% $0.07 -2.82% -$0.04 -0.71% -$0.01

St. Louis, MO-IL MSA

$ 0.7700 -4.94% -$0.04 -6.10% -$0.05 -1.53% -$0.01

Tampa-St. Petersburg-Clearwater, FL MSA

$ 0.9900 -5.71% -$0.06 -9.17% -$0.10 -2.38% -$0.02

Virginia Beach-Norfolk-Newport News, VA-NC MSA

$ 0.9600 1.05% $0.01 1.05% $0.01 0.26% $0.00

Washington-Arlington-Alexandria, DC-VA-MD-WV MSA

$ 1.3000 -2.99% -$0.04 -5.80% -$0.08 -1.44% -$0.02

Source: Cushman & Wakefield, Inc. The Self Storage Performance Quarterly , a publication of Cushman & Wakefield, Inc., is intended solely for use by paid subscribers. Reproduction or distribution in whole or part without written permission is prohibited and subject to legal action. Copyright® 2020.

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